
Par value: The maximum or fixed value of every stock or share in the corporate charter is termed par value. Par value decides the maturity value of the stock owned by the shareholders. For example, BC Company issues 1,800 shares of $123 each. In the given example, the par value of the stock is $123.
(a)
To determine the par or stated value of
(b)
To determine the par or stated value of ordinary shares of S&M.
(c)
To determine the percentage of authorized ordinary shares issued on March 29, 2015.
(d)
To determine the pound amount effect of cash dividend on the equity of S&M.
(e)
To determine the return on ordinary share equity for 2015 and 2014.
(f)
To determine the payout ratio for 2015 and 2014.

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Chapter 15 Solutions
INTERMEDIATE ACCOUNTING W/ WILEYPLUS >
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